All articles tagged with #millennium management
Originally Published 2 months ago — by Bloomberg.com
Izzy Englander sold a 15% stake in Millennium Management, valuing the firm at $14 billion, to diversify ownership and support succession planning, involving institutional and high-net-worth investors to ensure stability and future growth.
Originally Published 3 months ago — by Bloomberg.com
Millennium Management incurred a $100 million loss due to its investment in First Brands, an auto parts supplier that filed for Chapter 11 bankruptcy amid concerns over opaque financing and extensive use of factoring, highlighting risks in trade finance practices.
Originally Published 5 months ago — by Bloomberg.com
Goldman Sachs is offering clients the opportunity to buy a 10-15% stake in Millennium Management, a major hedge fund with over $78 billion in assets, at a valuation of around $14 billion, with investments starting at $1 million, aiming to attract high-net-worth individuals and institutions alike.
Originally Published 6 months ago — by Financial Times
Major hedge funds like Millennium Management, Point72, and Third Point are expanding into private credit to diversify their offerings, target higher returns, and attract long-term capital, with new funds and strategies aimed at lending directly to businesses and competing with established private credit firms. This shift reflects a broader trend of asset managers displacing banks as lenders, amid intense competition and growing market interest, with projections suggesting the private credit market could reach $3 trillion by 2028.
Originally Published 1 year ago — by The Motley Fool
Billionaire hedge fund manager Israel Englander's Millennium Management has reduced its stakes in AI companies Nvidia and Palantir, citing high valuations, and invested in Archer Aviation, an electric aircraft maker. Archer aims to launch air taxis in U.S. cities, with Wall Street analysts predicting significant potential upside for the stock. This move reflects a strategic shift towards emerging opportunities in the electric aviation sector.